The medical devices industry continues to be a hotbed of patent innovation. Activity is driven by increased need for homecare, preventative treatments, early diagnosis, reducing patient recovery times and improving outcomes, and growing importance of technologies such as machine learning, augmented reality, 5G and digitalization. In the last three years alone, there have been over 710,000 patents filed and granted in the medical devices industry, according to GlobalData’s report on Internet of Things in medical: remote dialysis monitoring. Buy the report here.
According to GlobalData’s Technology Foresights, which uses over 155,000 patents to analyze innovation intensity for the medical devices industry, there are 30+ innovation areas that will shape the future of the industry.
Remote dialysis monitoring is a key innovation area in Internet of Things
Remote dialysis monitoring involves the use of technology to monitor and collect data on dialysis treatments performed at a remote location, allowing healthcare professionals to remotely monitor and manage the treatment process. The technology enables real-time monitoring of patients’ vital signs, dialysis machine parameters, and treatment progress, providing valuable data for healthcare professionals to make informed decisions and provide timely interventions.
GlobalData’s analysis also uncovers the companies at the forefront of each innovation area and assesses the potential reach and impact of their patenting activity across different applications and geographies. According to GlobalData, there are 20+ companies, spanning technology vendors, established medical devices companies, and up-and-coming start-ups engaged in the development and application of remote dialysis monitoring.
Key players in remote dialysis monitoring – a disruptive innovation in the medical devices industry
‘Application diversity’ measures the number of applications identified for each patent. It broadly splits companies into either ‘niche’ or ‘diversified’ innovators.
‘Geographic reach’ refers to the number of countries each patent is registered in. It reflects the breadth of geographic application intended, ranging from ‘global’ to ‘local’.
Patent volumes related to remote dialysis monitoring
Source: GlobalData Patent Analytics
Fresenius Medical Care is one of the leading patent filers in the field of remote dialysis monitoring. Some other key patent filers in the field include Baxter International, Medtronic, and Johnson & Johnson.
In terms of application diversity, Johnson & Johnson leads the pack, while Biometric and Gastroklenz stood in the second and third positions, respectively. By means of geographic reach Olle Larsson held the top position, followed by Baxter International and Asahi Kasei .
While Internet of Things (IoT) has diverse applications in various sectors, its significance in remote dialysis monitoring is of paramount importance. The prospects of remote dialysis monitoring will empower dialysis patients, providing them with greater control over their treatment, allowing them to undergo dialysis procedures from the comfort of their homes, thus reducing the need for frequent clinic visits. Advanced remote dialysis monitoring technology is expected to facilitate real-time data tracking, enabling healthcare providers to continuously monitor patients' vital signs and treatment progress, leading to quicker intervention when required.
To further understand the key themes and technologies disrupting the medical devices industry, access GlobalData’s latest thematic research report on Medical Devices.